Analysis: Transsion's Smartphone Growth Halts in Q3 2024
Discover why Transsion's smartphone dominance slipped in Q3 2024. Learn about challenges like weakening demand, Qualcomm disputes, and rising competition impacting Tecno, itel, and Infinix.
Transsion slid to 6th position in the global smartphone market in Q3 2024 as growth stalled. The company's three brands—Tecno, itel, and Infinix—posted a combined 3% YoY decline, underperforming the total market's 4% YoY growth and ending five consecutive quarters of expansion. The Chinese vendor faces significant challenges across its major markets: weakening demand in emerging markets, Qualcomm patent disputes, a more restrictive Russian business environment, rising component costs, and intensified competition.
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